New marina at Agia Napa

The construction of the marina at Ayia Napa move forward with after news that the Ministry of Energy, Trade, Industry and Tourism has received a €25 million bank guarantee from M.M. Makronisos Marina Ltd. A few days ago permits for the division of the land were approved for the marina’s road network and the infrastructure needed such as parking areas, green spaces and public walkways. The mayor of Ayia Napa, Yiannis Karousos, expressed his satisfaction with this latest development saying that the submission of the bank guarantee signaled the start of the construction phase of the project. The construction of the marina will provide more than 800 jobs positions and, when completed, it will need 350 people to manage its operation. The marina is expected to cost €220 million and will have a capacity of around 600 vessels, with a possibility of mooring large yachts up to 60 meters in length. The project will include residential and commercial developments, a hotel, restaurants, bars, cafes, boutiques along with administration offices for its management and operation. When it’s completed in mid-2018 the marina will be declared official entry point to the Republic.